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It’s a challenge that tens of thousands of Long Islanders grapple with every day in their pursuit of homeownership: finding something comfortable, attractive, a worthy investment, and, most importantly, affordable in a market where prices continue to climb.
The median sales price for a single-family home in Suffolk County hit $680,000, One Key MLS reported in its August housing market update. It can be an intimidating statistic for prospective home buyers.
However, amid the high prices, there are still opportunities for those willing to look. These properties sometimes require compromise, be it in size, location or condition, but they just may offer a foothold in the market for first-time buyers or those on a tighter budget.
To illustrate that affordable options are still available, Greater Long Island has identified five Suffolk homes currently listed for under $500,000 — a price point that falls significantly below the county’s median. These properties, spread across Suffolk, demonstrate that it’s possible to find a beautiful home that doesn’t break the bank.
Keep in mind that in real estate, “bargain” and “affordable” are relative terms. These homes may be priced lower than the county average, but they still require a huge financial investment.
97 Muncy Ave. in West Babylon
Cozy two-bedroom bungalow that features a Florida home and close to the bay.
Price: $489,900
Offered by Re/Max Best, the home has a kitchen with a cathedral ceiling and a Florida room filled with natural light. It’s close to Babylon village and the train station.
1211 Main St. in Port Jefferson
A two-bedroom diamond with a charming and expansive covered front porch.
Price: $479,000
This one has been kicking around on the market for nearly seven weeks. But the price was reduced substantially — by $50,000 — just three weeks after it went up for sale. The home is super clean and meticulously maintained. There’s also a cozy-looking rear patio and a spacious full basement. The photos below speak for themselves.
22 Highview Drive in Selden
Charming cape with a kick-butt annual tax bill of just $3,869.
Price: $399,999
There’s a lot “new” about this two-bedroom house in the Middle Country School District: A new natural gas heating system, a new driveway and an updated electric panel. Unique Homes of LI Inc. is handling the sale of this cutie.
229 New York Ave. in Smithtown
Depending on your faith, you may find yourself genuflecting as you enter this property — given that at the moment it’s a place of worship.
Price: $425,000
Currently in operation as Trinity AME Church, the listing by Laffey Real Estate explains that “it may be possible to have the property redeveloped into a residential property.” Inside, there’s 1,750 square feet of space to work with. The property sits in a residential neighborhood at the corner of New York Avenue and Wildwood Lane.
18 Lillian Place in Patchogue
Three bedrooms with a fireplace, a partial and a big backyard.
Price: $469,000
Listed by Shine Realty Group, the property features a modern kitchen and an in-ground pool. The listing notes that “With some TLC you can make it your own!” Hey, you get what you pay for. But the home looks pretty nice in pictures.
